Sunday 25 September 2016

Una Foden's entertainment firm posts profits of €1.5m

Gordon Deegan

Published 30/12/2015 | 02:30

Una Foden
Una Foden
Una Foden. Photo: Andres Poveda

Accumulated profits at the entertainment company co-owned by Co Tipperary singer Una Foden and other members of pop group The Saturdays soared to almost €1.5m last year.

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As the firm enjoyed its most profitable year to date last year, it is no surprise that the Thurles native moved to scotch rumours earlier this year that the girl band had broken up.

In an interview earlier this year, 'The Voice of Ireland' judge, who will be returning to our screens on Sunday for the new series of the RTE show, said the group is not splitting up, but is instead "going on a little bit of a hiatus".

The new accounts filed by Day and Night Ventures Ltd with Companies House in the UK show that The Saturdays' business is very lucrative with the firm recording profits of £403,000 in the 12 months to the end of August 2014.

The abridged accounts show that the firm's accumulated profits jumped from £696,159 to £1.099m (€1.49m).

During the same period, the cash pile at the firm almost doubled, from £484,148 to £870,850 (€1.178m).

The returns show that Ms Foden holds a 20pc share in the firm with the other four members of The Saturdays.

Separate figures show that Ms Foden's decision to pursue her own projects has also been very worthwhile.

Figures filed by Ms Foden's Pink and Purple Media Ltd show that the firm recorded profits of more than €115,000 in its first year in business.

Irish Independent

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